Keppel this week announced its third data centre fund, KDCF III, has achieved its first close, raising approximately S$786 million (US$580m) in initial capital commitments from various global institutional investors.
Christina Tan, CEO of fund management and chief investment officer, Keppel, said: “The securing of about S$2 billion in capital across Keppel’s flagship funds reflects the resilient demand for high-quality alternative real assets anchored to macrotrends such as climate change and energy transition, urbanisation as well as rapid digitalisation and the AI wave.”
Keppel Data Centre Fund II is a private fund focused on investments in data centers in Asia Pacific and Europe. Managed by Keppel Fund Management (formerly known as Alpha Investment Partners) under Keppel Capital, its investments include a data center that the company developed in Shanghai, China.
